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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 PTdG0Gler40qddmtksFVsghkv6jKiPa5Rj25Rgjq1lTqwL/pzDq7QcDoF/DjLDFR
 YYR6B7iw/Mb4DwGAG2JBFA==

<SEC-DOCUMENT>0001181431-06-068020.txt : 20061206
<SEC-HEADER>0001181431-06-068020.hdr.sgml : 20061206
<ACCEPTANCE-DATETIME>20061206194657
ACCESSION NUMBER:		0001181431-06-068020
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061205
FILED AS OF DATE:		20061206
DATE AS OF CHANGE:		20061206

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sally Beauty Holdings, Inc.
		CENTRAL INDEX KEY:			0001368458
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RETAIL STORES, NEC [5990]
		IRS NUMBER:				362257936
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		3001 COLORADO BOULEVARD
		CITY:			DENTON
		STATE:			TX
		ZIP:			76210
		BUSINESS PHONE:		(940) 898-7500

	MAIL ADDRESS:	
		STREET 1:		3001 COLORADO BOULEVARD
		CITY:			DENTON
		STATE:			TX
		ZIP:			76210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	New Sally Holdings, Inc.
		DATE OF NAME CHANGE:	20060707

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Metcalfe Walter
		CENTRAL INDEX KEY:			0001381096

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33145
		FILM NUMBER:		061261105

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		940-898-7500

	MAIL ADDRESS:	
		STREET 1:		SALLY BEAUTY HOLDINGS, INC.
		STREET 2:		3001 COLORADO BOULEVARD
		CITY:			DENTON
		STATE:			TX
		ZIP:			76210
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd138439.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-12-05</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001368458</issuerCik>
        <issuerName>Sally Beauty Holdings, Inc.</issuerName>
        <issuerTradingSymbol>SBH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001381096</rptOwnerCik>
            <rptOwnerName>Metcalfe Walter</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SALLY BEAUTY HOLDINGS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>3001 COLORADO BOULEVARD</rptOwnerStreet2>
            <rptOwnerCity>DENTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>76210</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Director Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.45</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-12-05</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>15000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2016-12-05</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>15000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>15000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The option vests in four equal annual installments beginning on December 4, 2007.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Raal H. Roos, Attorney-in-fact for Mr. Metcalfe</signatureName>
        <signatureDate>2006-12-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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